A major shale gas block with a maximum daily output of 105,000 cubic metres. Sinopec discovered the shale gas well located at a depth of 4,417 metres, the deepest so far in the country. It is expected to have an average daily output of 43,000 cubic metres, Location Xishui county, Guizhou province, China Company Sinopec Xishui county,…


Indian Oil Corporation to buy minority stake in Canada’s Progress Energy

India’s state run Indian Oil Corporation (IOC), the country’s biggest refiner and fuel retailer, plans to acquire a minority stake in a Canadian shale gas and liquefied natural gas project for about $1 billion, according to a report in India’s Economic Times. The Indian Government Cabinet is expected to approve it this month. Officials with…


Australia’s AWE flags independent estimate of significant resource for Perth Basin

Australian-based AWE Limited released a gross unconventional prospective resource estimate of 11.1 Trillion Cubic Feet (TCF) of gas and 31 million barrels of Natural Gas Liquids (NGLs) in its four most southern exploration permits in the onshore Perth Basin, in Western Australia. The estimate was provided in an independent technical assessment of exploration permits EP413,…


AWE Limited

AWE Limited is an Australian based oil and gas exploration and production company. AWE currently has oil and gas interests in Australia, New Zealand, Indonesia and the USA, and is actively reviewing additional growth opportunities The company was formed in 1997 to appraise oil and gas discoveries in its initial asset portfolio and to build a…


Perth Basin

The Perth Basin is a thick, elongated sedimentary basin in Western Australia. It lies beneath the Swan Coastal Plain west of the Darling Scarp, representing the western limit of the much older Yilgarn Craton, and extends further west offshore. Cities and towns including Perth, Busselton, Bunbury, Mandurah and Geraldton are built over the Perth Basin.…


Halliburton signs unconventional resource development partnership with Russian university

US gas and oil field services multinational Halliburton has signed a partnership agreement with Gubkin Russian State University of Oil and Gas for the development of unconventional resources in Russia, including the Bazhenov shale. As part of the agreement, Halliburton will provide senior technical and management staff to serve on Gubkin’s Industry Advisory Boards, as…